Illinois AG Files Civil Charges Against Two More Loan Modification, Foreclosure Rescue Operators; Lawsuit Tally Now Up To 24
From the Office of the Illinois Attorney General:
- Attorney General Lisa Madigan has filed two lawsuits in Cook County Circuit Court against Chicago-area mortgage rescue fraud schemes seeking temporary restraining orders to immediately stop the defendants from providing mortgage rescue services. Madigan made the announcement as part of a press conference [yesterday] in Washington, D.C., with U.S. Treasury Secretary Timothy Geithner, U.S. Attorney General Eric Holder, Federal Trade Commission Chairman Jon Leibowitz and U.S. Housing and Urban Development Director Secretary Sean Donovan, to discuss a coordinated effort by federal and state authorities to protect at-risk homeowners from mortgage foreclosure rescue fraud.
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- Madigan filed complaints against Centurion Loss Mitigation Group, a Chicago-based operation and its owner Carlos A. Gomez, and Cash VIP, a Melrose Park, Ill.,-based operation and its owner Fernando Rios, also known as Fernali
Ferrice.(1) With these new filings, Madigan has brought lawsuits against 24 mortgage rescue fraud schemes. Of those, the Attorney General, to date, has received judgments in nine cases, including more than $1.8 million in restitution for homeowners.
For the entire Illinois AG press release, see Madigan Files Two Mortgage Rescue Fraud Lawsuits, Seeks Immediate Ban on Companies' Operations (Illinois Attorney General Joins U.S. Treasury Secretary, U.S. Attorney General, Federal Trade Commission and HUD Leaders in Coordinated Plan to Protect At-Risk Homeowners).
(1) In the Cash VIP lawsuit, Madigan alleges the defendants sell credit and foreclosure “orientation” services, which require consumers to enroll in a one-year “membership club” and pay an upfront $575 application fee, $50 enrollment fee and a monthly fee of $69-89, as well as a final “success fee” that ranges from one to two percent of the loan amount, according to the AG's press release.
5 comments:
Hi.. this guy from Cash-VIP, Fernali Ferrice, not only commit fraud in the state of illinois, also here in the state of California... Many real state agencies worked for him, saying he's gonna make arrangements with banks and did nothing but take your money,,,, several people lost their homes because of him and his "complice" Deyanira Campos.
Kindly : a former client who got "punk'd"
ha ha....
I am sure you are one of those agents that don't have papers and have false documentation.
You say you got punk. ha, ha
And you have a real state license I will make sure you are not my agent from any agencies.
Don't give Ferrali Ferrice Master Capital Solutions money for a loan. He will say he gets you treasury certificates to secure you a loan. He is a Fraud and will steal your money.
I used to work at this place Its sad that he still scams people to date!!!! 3/21/2014
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